Hedge fund manager John Paulson forecasts prolonged gold bull market driven by central bank and private demand amid currency concerns.
Hedge fund manager John Paulson stated gold is in the early stages of a long-term bull market, citing eroding confidence in fiat currencies. He noted gold prices have quadrupled since 2009, briefly surpassing $5,000 before a pullback.
Paulson, known for his profitable subprime mortgage bet, shifted focus to gold in 2009, predicting stimulus measures would weaken the U.S. dollar. Central banks and private investors have since increased gold reserves, broadening demand for bullion.
The investor suggested gold miners, particularly those with undeveloped reserves, may offer greater returns than bullion. He emphasized gold’s role as an alternative reserve currency amid growing skepticism toward paper money.